May 2013 Monthly Market Detail Martin County Townhouses and Condos
Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos. Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%
The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.
The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May. Current supply of inventory is only 6.2 months (a 39.2% decrease from last year). For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.
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Click here to view or download the full report:
May 2013 Monthly Market Detail Martin County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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